On January 16, 2024, the Thai Cabinet outlined five conditions to regulate state procurement projects exceeding one billion Baht, safeguarding national industries. This decision comes ahead of the second round of negotiations between Thailand and the European Union (EU) scheduled for January 22-26, 2024. During a press briefing at the Government House, Chaiwat Wachirakun, the […]
On December 26, 2023, the Royal Gazette issued a proclamation outlining crucial guidelines for permitting the use of Hydrochlorofluorocarbons (HFCs) in Thailand. Simultaneously, another publication detailed the qualifications for applicants seeking import licenses for hazardous substances, with a specific focus on criteria for HFCs. These announcements, highlighted in the Royal Gazette, provide comprehensive details ranging […]
Effective March 24, 2024, the recent amendments made by the Personal Data Protection Committee to Sections 28 and 29 of the Personal Data Protection Act introduce nuanced changes that merit a closer examination. Let’s delve into the specifics of these amendments for a comprehensive understanding. Section 28: Elevating Data Protection Standards for International Transfers Section […]
In a recent announcement, effective from December 28, 2023, the Office of Industrial Economics has provided crucial updates to the production processes essential for goods in duty-free zones, as per the law on customs or in free trade zones under the jurisdiction of the Industrial Estate Authority of Thailand. This announcement, dated February 4, 2022, […]
In a noteworthy development, the Thai government has announced the extension of measures aimed at reducing registration fees for realty transfers, including residences, single houses, semi-detached houses, row houses, commercial buildings, land, and apartments or condos not exceeding 3 million baht. These measures, initially introduced through two ministerial regulations in 2023, have been renewed and […]
The Thai cabinet has given its nod to a series of tax reductions on alcoholic beverages, with wine prices poised to see substantial drops, all in a concerted effort to stimulate the country’s tourism industry. The move comes amidst expectations that the resultant losses in excise tax revenue will be offset by increased spending from […]